1. Home
  2. > Financial Services
  3. > Banking
  4. > Payments
  5. > Credit Card Market Trends
Azerbaijan Cards and Payments - Opportunities and Risks to 2025

Azerbaijan Cards and Payments - Opportunities and Risks to 2025

  • July 2022
  • 49 pages
  • ID: 6318829
  • Format: PDF
  • GlobalData

Summary

Table of Contents

Search Inside

Azerbaijan Cards and Payments - Opportunities and Risks to 2025

Summary
‘Azerbaijan Cards and Payments - Opportunities and Risks to 2025’ report provides detailed analysis of market trends in the Azerbaijani cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards and credit transfers during the review-period (2017-21e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2021e-25f). It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

TThe report brings together research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

The report provides top-level market analysis, information and insights into the Azerbaijani cards and payments industry, including -
- Current and forecast values for each market in the Azerbaijani cards and payments industry, including debit, and credit cards
- Detailed insights into payment instruments including cards and credit transfers. It also, includes an overview of the country’s key alternative payment instruments.
- Ecommerce market analysis.
- Analysis of various market drivers and regulations governing the Azerbaijani cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape of the Azerbaijani cards and payments industry.

Scope
- The adoption of card payments in the transport sector will support the growth of the card payment space. In June 2021, Azericard, Visa, Azerbaijan Railways, the central bank, and International Bank of Azerbaijan installed contactless payments terminals at 14 Absheron ring railway stations, enabling travelers to pay for tickets using contactless payment cards issued by any bank in the country. Similarly, in January 2021, Baku Transport Agency installed contactless payment terminals on 320 public buses, enabling travelers to make contactless payments for journeys.
- To encourage electronic payments, the central bank launched the Instant Payment System (IPS) in October 2020, enabling users to make payments within five to 10 seconds. IPS enables transactions between individuals, businesses, and government agencies on a 24/7 basis. Users can make fund transfers through bank accounts using simplified identifiers such as P?N codes, mobile phone numbers, and email addresses, with the funds immediately available in the recipient’s bank account. Transactions can also be carried out via QR code. According to the central bank, AZN7.9 million ($4.6 million) worth of transactions were carried out via QR codes in 2021. As of February 2022, 21 banks, Azerpost, and the State Treasury Agency of the Ministry of Finance have been integrated into IPS.
- Alternative payments are also expected to gain prominence, with banks and payment services providers launching new options. Apple Pay was launched in Azerbaijan in November 2021. It allows users to conduct in-store, in-app, and online payments. The solution allows users to store their card details for future payments. Users hover their NFC-enabled device near a contactless terminal and authenticate the transaction via Touch ID, Face ID, or PIN, depending on which Apple device they own. Users can store their debit, credit, and store card details on Apple Pay and use them to make payments at merchant outlets. As of April 2022, banks supporting Apple Pay are Bank Respublika, Kapital Bank, Pasha Bank, Rabitabank, International Bank of Azerbaijan, and Unibank.

Reasons to Buy
- Make strategic business decisions, using top-level historic and forecast market data, related to the Azerbaijani cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Azerbaijani cards and payments industry.
- Assess the competitive dynamics in the Azerbaijani cards and payments industry.
- Gain insights into marketing strategies used for various card types in Azerbaijan.
- Gain insights into key regulations governing the Azerbaijani cards and payments industry.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Latvia Cards and Payments - Opportunities and Risks to 2026

  • $ 2750
  • September 2022
  • 58 pages

Latvia Cards and Payments - Opportunities and Risks to 2026 Summary ‘Latvia Cards and Payments - Opportunities and Risks to 2026’ report provides detailed analysis of market trends in the Latvian ...

  • Latvia
  • Payments
  • Debit Card
  • Industry analysis
  • Card Transaction
  • Debit Card Transaction

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on